Meritage Reports First Quarter 2024 Results; Strong Earnings Growth
GRAND RAPIDS, Mich., April 12, 2024 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation’s premier franchise operator, today reported financial results for the first quarter ended March 31, 2024.
- GRAND RAPIDS, Mich., April 12, 2024 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation’s premier franchise operator, today reported financial results for the first quarter ended March 31, 2024.
- Earnings from Operations increased 306.9% to $3.9 million compared to $0.9 million for the same period last year.
- Net Earnings increased 206.3% to $1.6 million compared to a $1.5 million loss for the same period last year.
- New restaurant openings continue to provide the Company with a strong earnings catalyst, as guests reward us for contemporary restaurant designs and digital enhancements.